Zhuhai Wanda Commercial Management filed for Hong Kong IPO for 3rd time
Zhuhai Wanda Commercial Management filed for Hong Kong IPO for 3rd time

Zhuhai Wanda Commercial Management filed for Hong Kong IPO for 3rd time

 

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Zhuhai Wanda Commercial Management Group, a business operating platform owned by Wanda Group, has filed an application for a Hong Kong listing for the third time, with CITIC Securities, JPMorgan and Credit Suisse as its joint sponsors.

Over the first half of 2022, Wanda Commercial Management recorded a revenue of about 13.48 billion yuan and a net profit of 4.021 billion yuan, surging 26.7% and nearly 514%, respectively. 

The company introduced multiple investors for the proposed listing in 2021, including Country Garden (02007.HK) and Tencent (00700.HK).